Spotify cuts 6% of its workforce — read the memo CEO Daniel Ek sent to staff

Posted on AllSides January 23rd, 2023
From The Center
Economy and Jobs, Technology, Spotify, Layoffs
Toru Yamanaka | Afp | Getty Images

Spotify announced Monday it’s cutting 6% of its global workforce as the music streaming company contends with a gloomy economic environment that has seen consumers and advertisers alike limit their spending.

Spotify has a total workforce of around 9,800 people, which means the cuts impact about 600 employees. According to its LinkedIn profile, the company employs 5,400 people in the U.S. and 1,900 in Sweden.

Spotify, which is based in Sweden but listed on the New York Stock Exchange, sent an internal memo to staff Monday announcing the layoffs.

One-on-one conversations...

Read full story
Some content from this outlet may be limited or behind a paywall.

CNBC

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
111382/86446
See full bias rating for CNBC
Learn about media bias
https://www.cnbc.com/2023/01/23/spotify-to-cut-6percent-of-its-workforce-as-tech-layoffs-continue.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right